Invocation: Jeff Chandler
Flag Salute: Justin Salter
Song: Ken Keller
Greeter: Justin Leiland
Roving Mic: Charlie Moe
SPoke Guest Editor
Dave Turner:Dave is an award-winning custom home builder and remodeler, offering full service from design and finish selections through project completion. Hence his longtime slogan, “Raising the Standard.”
Guests:
Jerene Battisti’s guest was Marc McManamame (yes, that’s the correct spelling) of Insect Lore in Shafter.
Jim Damian’s guests were Sharon LaBare, Founder and CEO of Purveyor House Branding, and Charlie Van De Voorde, Community Development for Flood Ministries.
Cathy Abernathy brought associate Matthew Martin.
Good News & Announcements:
- Ken Keller led an inspiring “Row, Row, Row Your Boat” with half the room echoing.
- Mike McCoy enjoyed a two-week trip to Paris, arranged by Ray Watson. Upon arrival, they found in their hotel room shower a large, nude male...they opted to change rooms.
- Rowdy Robby this week accompanied Ken Beurmann to Huntington Lake, sailing a small skiff and proudly displaying the Rotary flag. Rowdy and Ken both almost went for an unintentional swim.
- Capt. Trimmer was able to order a refrigerated truck from Joe Hay and Jim Burke Ford after a big delay.
- Guest speaker next week is from CAAT – Central Academy of Arts and Technology, a prospective new downtown charter school.
- Congressman Kevin McCarthy will be our guest speaker 8/25.
- The Día De Los Muertos Margarita Party date is 10/27, again at the Barbich residence. Contact Lizette Patterson if you would like to help with the event.
- The Kern County Museum Pioneer Village will hold a Safe Halloween 10/30 and 10/31.
- Jeff Gutierrez was our inaugural Rotary Prize Spin Contestant. The category: Romance. Jeff must be a romantic because he guessed the answer correctly. Moneywise sponsored the prize: an evening at the Studio Movie Grill, how romantic!
Program:
Healthcare Finance Direct
Tyler and Luke Johnson, The Cowboys of FinTech.
HFD’s goal is to serve the underserved with unsecured loans, to “say yes to everybody.” They provide financing for expensive healthcare services that are not covered by insurance, and for clientele that may not qualify for prime lending opportunities, currently serving about 25,000 clients per month. Dentistry makes up the bulk of their clientele, about 59%, with cosmetic procedures accounting for about 10%, billing over $1 Billion last year.
HFD utilizes investor money. They have found a balance that pays the provider a discounted fee for service, gives the provider a smaller profit but an opportunity to reach a clientele that otherwise would not be able to utilize their services, thus increasing the total profitability of their practice. The discounted fee enables the investors and HFD to be profitable, despite a significant percent of clientele that can’t or won’t pay.
Interest rates for loans will typically range from 5% to 25% based on credit scores, requiring zero down payment and a 24 month term. They do not do a hard credit pull, and they don’t report to credit agencies.
HFD is a “traded sector” in that they currently have no local clientele. Hopefully that will change, as this is an option for those needing expensive medical services without the available cash on hand.
For more information, the HFD website is HealthcareFinanceDirect.com.
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